Ihomes

Analysis

Ihomes is a registered charity in United States, based in Columbia, MD. It received its IRS tax-exemption ruling in April 2010, 16 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Ihomes reported income of $108k and spending of $256k, spending 238% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $428k to $108k (-75%), an average of -29% a year. The sharpest change came in the year to June 2022, when income rose by 276%. Over the whole period it spent 57% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ihomes sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 40th percentile within MD. Charities of a similar size with the same main cause include Woodside Village V Inc ($108k), Beyond These Walls Inc ($108k) and Lunous ($107k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 59% and program service revenue 41% of the total. Other salaries and wages came to $93k. At year end it held assets of $4.4m against liabilities of $3.9m, net assets of $523k. It reported 1 employees.